Factors Influencing Political Betting On Politics

This chapter will draw out some of the characteristics of the type of person to bet on a political outcome. It will also focus on the different types of motives why people may be tempted to place a bet on a specific outcome. The first distinction, that needs to be assessed is whether those betting on politics are gamblers first and foremost, or whether their interest in politics has prompted them to put their money where their mouth is. Betting on elections, within in America, while illegal, can still occur amongst very strict framework. These prediction frameworks can attract interest from the more typical gambler and the public that are more interested in politics. These markets, however, do not function in the exact same manner as the†¦show more content†¦Alistair Meeks is a lawyer, who is heavily involved with political betting. His underlying interest in politics was the driving force for him to get involved with politics. He has been documented stating he likes that politics is still considered a novelty bet, as the strong form research is less of a feature than in sports betting . Alistair Meeks frequently writes articles for the PolitcalBetting website. It is clear his interest is Politi cs and he sees it as a way to make a little bit of extra money from his own interests. This suggests political betting is something that is of interest to both people with an interest in politics, but also those who take a punt as gambling is their main focus. Political betting is different from Sports in this sense, as it is unlikely political betters will make the move across to sports betting. People may have been betting to keep an interest in the result and to gamble on their own analytical ability. It could be suggested this is what makes political gambling an interesting topic, as those placing the bets may fall outside those who are typical gamblers. The punters involved in political gambling may be politics enthusiasts first, but with a good understanding of betting and a desire to place money on their own ability to predict the outcome of a certain politicalShow MoreRelatedSpain and Japan Wine Industry Factbook12631 Words   |  51 PagesIndicators 4.2. Infrastructure 4.3. Population 4.3.1 Demographic Factors 4.4. Current Wine Consumption 4.4.1. Food States 4.5. Socio-cultural Conditions 4.5.1. Life-style/ComsumerBehaviour 4.5.2. Cultural Intermediaries 4.6. Entering the Market 4.6.1. Investment Climate 4.6.2. Supply Market Condition 4.7. Labor Market 4.7.1. Working Conditions in Spain 4.7.2. Working Conditions in Japan 4.8. Political/governance System 4.8.1. Ruling Political Party and Ideology 4.8.2. Corruption 4.8.3. 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